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YES Bank Collapsed !! Who is next? Is it Kotak Mahindra Bank Limited?

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The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.

This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question  arises Who is next?

FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO

As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.

After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.

In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal),  Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.

It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused.

Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi

Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.

Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak  (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.

Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.

After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. 

Direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating of documents by Kotak Mahindra Bank.

Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.

The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].

Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.

New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.

As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.

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Decor in Style

Opulin Presents Guido Deleu’s The Visitor Terra: A Golden Anniversary Edition

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Opulin Presents Guido Deleu’s The Visitor Terra: A Golden Anniversary Edition

Opulin, the curated accessories division of Sources Unlimited, presents the 15th Anniversary edition of The Visitor Terra, the iconic figurine by Belgian artist Guido Deleu. Known for bringing the world’s most art-forward and collectible designs to discerning Indian interiors, Opulin offers design enthusiasts a chance to experience this celebrated piece up close. This special edition dresses The Visitor in a luminous golden jacket, marking both the figurine’s enduring journey and the craftsmanship behind its creation.

For this commemorative release, The Visitor travels to Venice, where the nearly lost craft of gold beating is kept alive at the Mario Berta Battiloro studio, the last atelier of its kind. Gold is transformed into ultra-thin leaf through centuries-old techniques, then applied with precision by artisan Elisabetta Mason, giving the figurine its soft glow, subtle texture, and quiet opulence. Available in yellow gold and white gold — the latter a blend of pure gold with silver or rhodium — each piece balances artistry and technical mastery, turning a familiar form into a radiant sculptural object.

The Visitor Terra finds its ideal place in interiors that value storytelling, curated collections, and meaningful design. It enhances living rooms, galleries, or design-focused spaces with a sense of calm, warmth, and quiet luxury, reflecting the growing trend for limited editions and heritage craftsmanship. By bringing this exclusive edition to India, Opulin allows collectors and design enthusiasts to connect with a piece that celebrates time, patience, and the enduring beauty of human skill — a testament to the artistry and narrative that define its global appeal.

About Opulin

Opulin is a house of luxury home accessories brands. It represents brands that have constantly invented themselves and stayed at the top of their respective categories. Under the visionary leadership of Dhara Shroff, Opulin caters to the discerning sensibilities of design connoisseurs, homeowners, and interior designers looking for the best of European designs and craftsmanship. With meticulous precision, the house of brand curates a distinguished collection of products designed to elevate every facet of home enhancement and foster a truly immersive shopping experience.

In the heart of the Delhi Design District, Opulin has successfully opened its flagship store providing a physical retail presence for its curated collection of luxury European home accessories. They have formed exclusive partnerships with top-tier European brands. As part of the esteemed Sources Unlimited family, Opulin’s sister brands harmoniously present a symphony of complementary furniture, lighting, and wall coverings, resulting in a comprehensive and cohesive design landscape.

With an unwavering commitment to impeccable taste and steadfast attention to even the most minor details, Opulin has earned its place as a trusted sanctuary for those pursuing refined and timeless home accents. Each curated piece within the opulent Opulin collection embodies uncompromising quality, encapsulating the brand’s dedication to creating spaces with elevated sophistication and unbridled beauty.

Availability:

Address: Unit No. 356/357, MG Road, Next to Sultanpur Metro Station,

New Delhi – 110030

Mobile: +91 8510 098 000

Instagram Handle: @opulin_india

Website: www.opulin.com

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Health & Beauty

Luxiora’s Lip Kit Trios That Make Valentine’s Gifting Effortless

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Luxiora’s Lip Kit Trios That Make Valentine’s Gifting Effortless

Romantic. Wearable. Repeat-worthy.
There’s truly no such thing as too many lipsticks—especially when they’re curated to take her from day dates to night glam. This Valentine’s Day, Luxiora Cosmetics makes gifting effortless with its 3-in-1 Lip Kits, designed to build, layer, and switch moods in seconds.

Each kit includes three full-size lip essentials—a crème-matte bullet lipstick for comfortable everyday wear, a kiss-proof, long-wear liquid matte for definition, and a high-shine gloss topper that elevates any look from subtle to statement. Infused with Vitamin E, Candellila, and SPF 15+, the formulas deliver skin-loving care with rich colour payoff, while remaining lightweight, non-drying, and easy to wear from morning coffee runs to late-night plans.

Choose her vibe (or gift both):

  • Latte Brown Lip Kit – Featuring Prestige Nudes, Berry Boost, and Twilight Nude, this trio is ideal for everyday nude-brown lovers and office-to-evening looks, finishing with a “latte gloss” in seconds.
  • Pookie Pink Lip Kit – With Prestige Plum, Mauve Vibe, and Gleam Pink, this set delivers soft-glam, festive-ready pink lips that stay longer and photograph beautifully.
  • Travel and event-friendly, one kit does it all—day looks, night glam, and quick touch-ups. Both together? The ultimate Valentine’s lip wardrobe.
  • Price: ₹999 per kit
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Health & Beauty

LEAFOBERRYY Debuts Mucin Fusion Face Serum, India’s First Okra-Infused Hydration Formula

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Face serum Mucin Fusion

Rooted in botanical intelligence, Mucin Fusion is designed for skin that seeks hydration, smoothness, and balance—without compromise. At the heart of the formula is okra extract, offering plant-based mucin properties that help lock in moisture, enhance visible plumpness, and improve overall skin texture, making it the perfect vegan alternative to snail mucin.

This hydration framework is complemented by gotu kola, known to support skin strength and elasticity, and lotus extract, which helps calm stressed skin while offering antioxidant protection against environmental aggressors. Papaya enzymes gently refine the skin’s surface, promoting a smoother, more even appearance without disrupting the skin barrier.

To elevate glow and age-support benefits, the formula is enriched with rice seed water, hyaluronic acid, squalane and okra—a synergistic trio that deeply hydrates, softens the look of fine lines caused by dehydration, and improves skin suppleness.

Lightweight and non-sticky, Mucin Fusion absorbs effortlessly into the skin, leaving it feeling comfortable, hydrated, and visibly smoother. Suitable for all skin types and everyday use, it is thoughtfully crafted for modern lifestyles where skin is constantly exposed to environmental and digital stress. Use it after toner in the morning for a fresh, hydrated glow, and before moisturizer at night to support overnight repair.

Mucin Fusion represents a new generation of skincare, where plant-powered hydration meets thoughtful formulation to deliver lasting comfort, refined texture, and natural radiance.

Price: ₹1599 for 30ml  (currently at 30% OFF)

To Buy: https://leafoberryyskincare.com/products/leafoberryys-mucin-fusion

Also Available On: Amazon, Smytten, Myntra, Blinkit (Chennai, Hyderabad & Kolkata) & more

LEAFOBERRYY Promise:

Vegan • Cruelty-Free • SLS & Paraben-Free • IFRA Approved • ISO Certified • Dermatologically Tested • FDA Approved

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